On the solution of a class of capital investment problems

Gamboa-Medina, Arcadio M. (1978). On the solution of a class of capital investment problems. PHD thesis, Aston University.

Abstract

In this work the solution of a class of capital investment problems is considered within the framework of mathematical programming. Upon the basis of the net present value criterion, the problems in question are mainly characterized by the fact that the cost of capital is defined as a non-decreasing function of the investment requirements. Capital rationing and some cases of technological dependence are also included, this approach leading to zero-one non-linear programming problems, for which specifically designed solution procedures supported by a general branch and bound development are presented. In the context of both this development and the relevant mathematical properties of the previously mentioned zero-one programs, a generalized zero-one model is also discussed. Finally,a variant of the scheme, connected with the search sequencing of optimal solutions, is presented as an alternative in which reduced storage limitations are encountered.

Divisions: Engineering & Applied Sciences > Mathematics
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Institution: Aston University
Uncontrolled Keywords: capital investment,operational research,optimization
Completed Date: 1978-10

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